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For Consumers, Pizza and Hamburgers Are Substitutes

Question 93

Multiple Choice

For consumers, pizza and hamburgers are substitutes. A rise in the price of a pizza causes _____ in the equilibrium price of a hamburger and _____ in the equilibrium quantity of hamburgers.


A) a rise; an increase
B) a rise; a decrease
C) a fall; an increase
D) a fall; a decrease

Correct Answer:

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